It’s rare that I’ll go long any stock right after it’s made a series of new highs, but Southwest Airlines’ (NYSE: LUV) steady bullish breakout run seems likely to continue into the end of the year. I’m fortunate enough to live just five minutes from Southwest’s corporate headquarters at Dallas Love Field. Not only can I easily catch last-minute flights, but I’ve also befriended numerous Southwest employees and gained an insider’s perspective on the company. Between their input and my observations and research, I see clear blue skies and tailwinds for Southwest this quarter. #-ad_banner-#There’s been a long-standing… Read More
It’s rare that I’ll go long any stock right after it’s made a series of new highs, but Southwest Airlines’ (NYSE: LUV) steady bullish breakout run seems likely to continue into the end of the year. I’m fortunate enough to live just five minutes from Southwest’s corporate headquarters at Dallas Love Field. Not only can I easily catch last-minute flights, but I’ve also befriended numerous Southwest employees and gained an insider’s perspective on the company. Between their input and my observations and research, I see clear blue skies and tailwinds for Southwest this quarter. #-ad_banner-#There’s been a long-standing law in Texas called the Wright Amendment that’s limited Southwest’s routes and profits over the past 35 years. The law restricts nonstop service from Love Field to airports in Texas and eight other states. The Wright Amendment is being repealed in mid-October, and traffic at the Dallas airport is expected to increase nearly 50%. Southwest will be in a prime position to capitalize on this, but that’s only part of the reason I think the stock is a buy here. Coinciding with the Wright Amendment’s full repeal, Southwest has been acquiring new planes and training its… Read More